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Post Info TOPIC: carry forward trading losses
kpm


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carry forward trading losses
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Hi,
I am a self employed book-keeper currently in 3rd year AAT qualification.  I am helping a friend with Limited Company accounts and wanted to know if losses from previous years can be carried forward and be off-set against this years profit.

Any help would be much appreciated.
Thanks


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As long as the losses weren't previously utilised then yes they can be offset against current year profits.

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kpm


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Thanks for that.

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